Chicago Fed's Moskow on monetary policy in the US

In the speech 'The making of monetary policy in the US and the US economic outlook' given on 28 March Michael Moskow of the Federal Reserve Bank of Chicago said the US economy is likely to expand at a rate modestly below its long-run potential for the remainder of this year and at a pace nearer to potential next year.

Moskow, in the speech at Shanghai's Fudan University, also said that there is a risk that inflation will remain stubbornly high despite a brief period of below-potential growth.

"My

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